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paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted deficits since 2008 trying once again to repeal obama care. they voted for the 37th time to repeal obama care despite the fact that there is good reason to believe that obama care is to credit for much of the remarkable deficit reduction projected this week by the cbo. the deficit reduction republicans used to hold up as their entire reason for being. because the biggest driver of our long term deficits is rising health care costs and -- get this -- between 2009 and 2011, total health spending grew at the lowest annual pace in t
paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted...
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May 19, 2013
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and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned. >>> first, here is my take. conservatives are, of course, mad at barack obama. we'll talk about the various scandals in a moment, but they're also mad at a country that isn't mad enough at him. this frustration is now taking over main stream and intelligent voices within the conservative movement and about broader issues than benghazi. brett stevens, the columnist for "wall street journal" lementes that president obama is not paying a price for a foreign policy that he, stevens, describes as isolationist. now, isolationism will come as a surprise to the diplomat soldier
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned....
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that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or improved economic conditions, you drastically and very quickly lower your debt position and your deficit position. that should be the first order of business. that is really what we do first before we figure out what is our true remaining structural long-term deficit. melissa: okay, but doug, you're a numbers guy. let's do thisatively, rather than with our emotions. can the economy quantitatively grow enough to deal with paying for our promises for the entitlements and the system that we have laid out? >> no. at the heart of this are p
that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or...
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May 17, 2013
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paul ryan was the deficit guy in the deficit argument. the deficit was too big. one of their main arguments against re-electing president obama. we just received the new estimate of what the deficit will be by the end of the year. this is what the deficit had been up through last year, so 2009, that's president obama's first year, 2011, 2012, show the next year. this is what they had projected the deficit would be by the end of this year, but now that estimate has been revised. they have revised the projected deficit for this year and as of now, this is what the new deficit -- we have that slide whistle and we never used it before, are you kidding me? the opportunity costs. as of now this is the estimate of what the new deficit will be by the end of the year. that means the deficit has shrunk by $800 billion since president obama has been in office. this is the fastest deficit reduction we have had as a country since world war ii. honestly, that's kind of terrible. it's kind of terrible to the extent we are working on this stupid deficit issue, spending less inst
paul ryan was the deficit guy in the deficit argument. the deficit was too big. one of their main arguments against re-electing president obama. we just received the new estimate of what the deficit will be by the end of the year. this is what the deficit had been up through last year, so 2009, that's president obama's first year, 2011, 2012, show the next year. this is what they had projected the deficit would be by the end of this year, but now that estimate has been revised. they have...
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May 16, 2013
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neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and salary growth two times what has been. >> that $642 billion it is a lot less than it was in well under $1 trillion and we can remember a time when deficits were approaching $100 billion now we celebrate 642 billion but whatever that is. >> of course, $50 billion is a pavement a tax gimmick from fannie mae. where do they get the 60 million? they borrow it. neil: a lot of it is a tax increase. that part is there temporarily because with the fiscal cliff came at the end of the year there was a huge pre-emptive realization and bonuses were paid and 100 billion as one time revenue. neil: so you say with a focus on the lates
neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and...
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the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused himself of sexual assault. latest case involves a ft. hood sergeant. you won't believe this, i couldn't believe it, into prostitution and for sexually assaulting this guy did apparently charged with two others. the army's not releasing his identity as he has not been charged officially, but get a load of his job title, sexual harassment response and coordinator. that's right, the guy you're supposed to go to for help is accused of sexually assaulting someone. this comes just one week after the man in charge of sexual assault from the entire air force was charged with sexu
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused...
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May 14, 2013
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immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's possible to strike that balance and at the same time subpoena the phone records? >> i can't comment on the specific reports you cite. i can say the president does believe that the balance should be sought and can be found but it is a balance and, therefore, something that we need to constantly work at. >> the obama administration has launched six prosecutions for leaking classified information, which is more than all previous presidents come bind, shepard. >> shepard: on benghazi some observed that jay carney seems to not believe any of the questions about that are still l
immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's...
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austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >> thank you very much. my pleasure, good luck to you and congratulations. >> thanks again to democratic house leader nancy pelosi for joining me earlier today. that's all in for this evening the rachel maddow show starts now.
austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >>...
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May 15, 2013
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the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old book. wealth of nations 1776. hey, that was a really good year by the way. adam smith. what is the underlying premise of adam smith we can apply in ample helpings to a variety of issues in the day? that is who should best deal with the procurement? whether it's a natural resource like natural gas or whether the government should decide who gets loans or what what type of loans. no, no, no. it should be free market for free men. and as the wealth of nations pointed out. don't worry about natural gas. the government can't decide w
the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old...
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May 16, 2013
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well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted and careful not to blame funding for the attackkin benghazi but mentioning funding a rounded to create the inference. boxer was less careful and when you ask about the ira'she ? he did not answer the question so he was very legalistic. lou: this is moving from a crisis of confidence, it seems to me, directly to a constitutional crisis. this president has lost his credibility. it has been shredded. where are we headed? >> but his ability is to get things done and there is no appetite in washington to get anything done with scandal swirling around the president so beleaguered not he is labor it they and lame in the
well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted...
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it budget deficits by simply slicing the public investment. continuing continuously delaying that statement about its direction so in reality if if the greek states. were everybody all those with which they have. this issue so that's why they insist that it does i mean listen it is up to them to remain within the norm in the. sense not to really prove that. so all the real aspects of the. government's agreement the issue of policy is the what is your recession the very big question the elephant is a room of this size this. is you know bailout agreement earlier in reality do they have in greece. and during an astonishing six years of recession is also having a harrowing consequence so is science in greece which used to be the lowest rate in euro are rising rapidly mostly among the middle class troublingly people have taking their lives in public hanging or shooting themselves or even self-immolation while politicians and economists shuffle the figures as the people of greece being the price with their livelihoods and their futures and some othe
it budget deficits by simply slicing the public investment. continuing continuously delaying that statement about its direction so in reality if if the greek states. were everybody all those with which they have. this issue so that's why they insist that it does i mean listen it is up to them to remain within the norm in the. sense not to really prove that. so all the real aspects of the. government's agreement the issue of policy is the what is your recession the very big question the elephant...
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the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to let these kids not be in school and not turn over any money and not find some way initially for a bridge loan or something. what does that say to you about the governor? >> first of all, i want to thank them for doing the right thing, even though it took some time. i'm not really anxious to point fingers. i think what it does show is we have huge inequities in this country and in michigan and lots of other places, and we need to correct those inequities. for every buena vista that had to close, there are hundreds of schools that are functioning barely at the sustainable level and getting marginal educ
the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to...
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May 13, 2013
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another part of shrinking the deficit is not just tied to cutting government spending. you look at the number of unemployed in the country and that is a real drag onotomy. as the economy grows that is another part of shrinking that monster, if you will. >> chris: governor, let's address your personal scandal. what did you learn interes fro? >> you learn ar a lot. i would say that you probably learn more in the valleys of life than you do in the mountain tops. learned whole new you things that i never comprehended before with regard to god's grace and the reflective grace that comes through other humans that you walk with on a daily basis. i learned a lot about judgment and forgiveness. i could go down a litany of different things but i boil it down this way. our minister gave a great sermon a number of months back and his point was do the events of your life refine or define your life. i think in politics people want to take an event and make it definitional to your life. i think that any of these valles or any of these bumps that we hit in the road of life by circumsta
another part of shrinking the deficit is not just tied to cutting government spending. you look at the number of unemployed in the country and that is a real drag onotomy. as the economy grows that is another part of shrinking that monster, if you will. >> chris: governor, let's address your personal scandal. what did you learn interes fro? >> you learn ar a lot. i would say that you probably learn more in the valleys of life than you do in the mountain tops. learned whole new you...
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May 14, 2013
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i think we're going to need that in a huge way if we're serious about deficit reduction. that is the third piece. i have people all the time to say to me -- i do not mind paying more taxes, but i do not want you to waste my money. if we realize that more revenue is part of the solution, i think beenould have demonstrably able to say to folks, every day, i am not anxious to pay more in revenue, but if you do, do not waste that money. if we can convince clearly the people we are determined to work on that front as well, we help ourselves and the country in and. among the items on the high risk west, one of them deals with space. building space. we own hundreds of thousands of pieces of property around the country. some of them are well utilize, others are not. one of the things that troubles me, and it came up almost as soon as dr. colburn came to the committee, the way that we lease space for federal agencies to use, it would be more cost- effective to buy it. but if you buy it you have to pay for it out. without a capital budget you cannot write it off over time, you have
i think we're going to need that in a huge way if we're serious about deficit reduction. that is the third piece. i have people all the time to say to me -- i do not mind paying more taxes, but i do not want you to waste my money. if we realize that more revenue is part of the solution, i think beenould have demonstrably able to say to folks, every day, i am not anxious to pay more in revenue, but if you do, do not waste that money. if we can convince clearly the people we are determined to...
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where does the optimists sound while the good news these measures have improved the country's budget deficit three point eight percent to put that in perspective it's now very close to the sets by the european union but for the greek people though of the most alarming trend is the unemployment rate that stopped twenty seven percent mostly the country's youth and that's going to get worse four thousand civil servants are being laid off this year alone with the number is set to triple by the end of the next year one expert says no matter how the number is set up now the money will still have to be repaid the greek government is trying to image. it budget deficits by simply asking the public investment and continuing continuously delaying the statement about its direction so in reality if if the greek states. were every monday all those with which did. we get this is so let's wait and see is that it does i mean listen it isn't damage to remain within the norm in the. sense not to really prove that. so there are real aspects of. government's economic policy our policy is the what is the recessio
where does the optimists sound while the good news these measures have improved the country's budget deficit three point eight percent to put that in perspective it's now very close to the sets by the european union but for the greek people though of the most alarming trend is the unemployment rate that stopped twenty seven percent mostly the country's youth and that's going to get worse four thousand civil servants are being laid off this year alone with the number is set to triple by the end...
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the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this year and same story for the s&p 500, the 14th he record there this year. we're looking at a flat to slightly lower opening today, but that happened yesterday and we still went up 120 by the close. stay tuned. and suddenly, it seems that president obama's second term agenda is unravelling. and the mainstream media have turned on the administration. big government seriously questioned, my, have times have changed. in just ten days. here is the the all-government, all the time president speaking the at ohio state may the 5th. >> unfortunately,
the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this...
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the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman replaces the former a.d. who resigned after a video came out of the school's former men's basketball coach mike rice. >> ow. >> caught on camera hurling basketballs at players and using in a couple cases gay slurs during practice. hermann would be rutgers' first female a.d. she comes from louisville where she served as their athletic director's top deputy. she's got more than 30 years in college athletics but no prior experience as the head of a school's athletic program. >> mike, are there a lot of top program -- >> five. she becomes the fifth in d-1 schools. >> good move. move>> g >>> up next, author, columnist, ke
the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman...
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May 20, 2013
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four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes and last night covering these and now it doesn't matter how many times you see this. it's just absolutely gives you the shivers and to sit here right now. first responders from all over flooding in here. yelling at each other. shep then excuse me for just a moment. live witness from k next thing you know coming across. bricks hear if coming in. it was trying to stuck the storm seller out of the ground unlastled latch the door. caved the door. in once if ended he we of course got out. i car is gone. i can't find it inspects nowhere to be found and there is an sin angel of brandon brought me home. when i g
four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes...
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and adding to the deficit can add to the deficit in the same way that borrowed money, then just trying to spend does come if you're not cutting spending to go along with that. portion is i.t. interesting. we spend quite a lot of money creating incentives for medical providers to adopt electronic health records. what these electronic health records were supposed to do was make them or make the medical world more efficient, make it cheaper, and start the process of bringing down health spending or a least getting it under control. and the long term, how spending is a big problem just for the economy and it is a really big problem for the federal government because of all of its health spending commitments. but what we saw with the health it fundedon is programs that don't talk to each other. all of these hospitals now have these proprietary locked in systems where they have their internal health i.t. records for themselves but it is difficult for them to send them to other medical providers. in many ways it has not facilitated the type of communication. what it has facilitated is additio
and adding to the deficit can add to the deficit in the same way that borrowed money, then just trying to spend does come if you're not cutting spending to go along with that. portion is i.t. interesting. we spend quite a lot of money creating incentives for medical providers to adopt electronic health records. what these electronic health records were supposed to do was make them or make the medical world more efficient, make it cheaper, and start the process of bringing down health spending...
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even as we reduce deficits. he served as the special assistant to the president for economic policies and the deputy director of the national economic council. has earned a well deserved reputation for taking a tremendous amount of economic data, synthesizing, and translated to a series of viable measures for the economic team and translated into terms that someone like i can understand. he has helped our country recover from the recession. who understands arefiscal policies intrinsically important to the prosperity of the american eople. right over his left shoulder is professorknowledge and his mom is an engineer. he has clearly in her it did is clearlys -- he inherited those smarts. before going to yale law school he's spent time doing lc with carnegie endowment, the center for global development, and the center for american progress. i think he realizes he has the brainpower to pursue whatever percussion he chooses, but he has a passion for public policy. he has specifically a passion for finding ways for ou
even as we reduce deficits. he served as the special assistant to the president for economic policies and the deputy director of the national economic council. has earned a well deserved reputation for taking a tremendous amount of economic data, synthesizing, and translated to a series of viable measures for the economic team and translated into terms that someone like i can understand. he has helped our country recover from the recession. who understands arefiscal policies intrinsically...
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he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less than two hours from extending the win he can street of 18 straight tuesday as the market is on track to finish in record territory yet again. joining me, above pavlick, from banyon partners with his take what he is watching to drive the market higher. bob, thank you so much for joining us. so you say, look there's lots more room to the upside. i don't say that you say a lot of room but there is room to the upside. what is driving the markets right now? we've gone through earnings. the economic date at thaa is so so. by all economic accounts we're drift
he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less...
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with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >> tivo did well, it was a beat on eps and revenue t was a beat on projected to be a loss of 14 cents. a beat on $86.2 million which was a beat of the estimate, 61.87. tivo which is trying to stay relevant had good news coming out today "after the bell.". david: not an earnings report. this was a loss report. but very good news. liz: important to point out, you're looking revenue, 13% year-over-year increase in the technology revenue. this is a stock while down for the quarter is up about 31% year-over-year. still no word, i know, joe you will be looking for this, to see if there is any mention of upcom
with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >>...
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May 17, 2013
05/13
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the cbo says the obama plan would decrease the cumulative deficit over the next ten years by $1.1 trillion. environmental groups say proposed new rules for drilling on public land are a total capitulation to the energy industry. the obama administration has announced new guidelines for reporting chemical use in fracking which also uses water and sand to extract greater amounts of natural gas. industry advocates say the federal rules are unnecessary since state rules are already in place. while the focus here at home has been on the obama scandals, there are ominous signals coming out of the middle east. c.i.a. chief john brennan made a quick trip to israel today to try to help keep an already unstable region, regional situation, rather, from getting worse. according to wednesday officials, russia is not helping. apparently ignoring u.s. pleas to stay out of the syria conflict. chief national correspondent jim angle has the specifics tonight. >> there are new and implicating developments on syria today as russia sent advance cruise missiles to support the assad government, which brought har
the cbo says the obama plan would decrease the cumulative deficit over the next ten years by $1.1 trillion. environmental groups say proposed new rules for drilling on public land are a total capitulation to the energy industry. the obama administration has announced new guidelines for reporting chemical use in fracking which also uses water and sand to extract greater amounts of natural gas. industry advocates say the federal rules are unnecessary since state rules are already in place. while...
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May 13, 2013
05/13
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FBC
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laughter] he has numbers that says instead of what you say in your report it would reduce the overall deficit by 2.5 trillion dollars it could not be more of a swing? >> i spent six months preparing this report 80 pages long in the appendix describes the methodology over 30 pages so everybody could look in a my analysis and mr. egan does not have a steady but basically a press release about a study he might do he has provided about a page and a half of the information. >> i was taught brevity is the soul of wind and i tried to right things as long as they need to be. we look at the difference between the typical immigration scenario and reported in the paper the facts on labor statistics from immigrants and higher than native-born and out of the research literature and that is arithmetic. >> that is a complicated at all. >> what is the correlation between high school college degree is it petraeus agrees and employment levels? is there one. >> no question as your education goes up the unemployment rate goes down and skills are at a premium in the global economy. lou: 11 million immigrants more
laughter] he has numbers that says instead of what you say in your report it would reduce the overall deficit by 2.5 trillion dollars it could not be more of a swing? >> i spent six months preparing this report 80 pages long in the appendix describes the methodology over 30 pages so everybody could look in a my analysis and mr. egan does not have a steady but basically a press release about a study he might do he has provided about a page and a half of the information. >> i was...
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May 16, 2013
05/13
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CSPAN
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just four years ago, the deficit was over 10% of our g.d.p. this year it's projected to fall below 5%. half of what it was just four years ago. now, i understand that this news may not fit neatly within the narrative of our friends on the other side of the aisle who just as they did in the summer of 2011, unfortunately, tried just last week to manufacture another debt crisis where nonexists. i would note that it was only a few months ago we worked together on a bipartisan fashion to suspend the debt limit. on the heels of our new year's day compromise and the tax portions of the fiscal cliff, my republican colleagues recognized the dangers of yet another debt showdown on the markets and on the possibility of downgrading u.s. credit worthiness, but rather than build on that rare moment of ipartisan cy -- bipartisan comity and put our nation back on a path of financial responsibility, house republicans doubled down. they pushed ahead with their cut, spend at any cost agenda. they pushed through a continuing resolution that baked in the harmful c
just four years ago, the deficit was over 10% of our g.d.p. this year it's projected to fall below 5%. half of what it was just four years ago. now, i understand that this news may not fit neatly within the narrative of our friends on the other side of the aisle who just as they did in the summer of 2011, unfortunately, tried just last week to manufacture another debt crisis where nonexists. i would note that it was only a few months ago we worked together on a bipartisan fashion to suspend the...
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May 16, 2013
05/13
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MSNBCW
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the whole intellectual edifice collapsed, global cooling, expansionary austerity, that the deficit was going to ruin the united states and that the economy wasn't growing jobs and benghazi collapsed. now we're down to the cincinnati office of the irs. that's what we're going to have to deal with here for the next month and i think the president needs to get ahead of it and probably put a new person in there and find out what happened and report to the american people and it will burn itself out, too, and it will move to the next thing. >> the "new york times" as peter baker wrote today this is getting a lot of play social media wise, but the president has talked longingly of going forward. a reference to the 1998 warren beatty movie to say what he really thought. right now, people on the right think that the president legitimized the irs issue as a real scandal and there is something for them to grab on to and put their teeth around. >> that's what they're down there. remember that the earth is warm and that the economy is growing, the deficit is shrinking, that health care costs are f
the whole intellectual edifice collapsed, global cooling, expansionary austerity, that the deficit was going to ruin the united states and that the economy wasn't growing jobs and benghazi collapsed. now we're down to the cincinnati office of the irs. that's what we're going to have to deal with here for the next month and i think the president needs to get ahead of it and probably put a new person in there and find out what happened and report to the american people and it will burn itself...
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May 13, 2013
05/13
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FBC
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the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the best investment? >> there is no safe haven as i indicated. you have to spread your eggs. one the cure return sis more than many others do is the euro priest sigh list because everybody else hates it. they're mopping up liquidity where everyone else is printing money. they have a lot of pain. the reason they have pain is they're not print enough money. i'm not saying buy equities but the currency can be stronger. ultimately you have to have a basket. can't put money one egg, be it australian dollar or the looun any or whatever it may be. lori: axel merk. thanks for coming in. melissa:
the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the...
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May 15, 2013
05/13
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CSPAN2
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community, and finally, a bill including significant reforms and contributes to reducing our federal deficit. the chair and ranking member as well as their staffs have demonstrated tremendous leadership in negotiating the delegate compromise that brings us closer than ever to achieving these capstone principles, and i appreciate that the manager's package includes the nine amendments. while this bill before us leaves room for improvement in terms of meeting all needs of the producers and increasing efficiency, its frame work is a tremendous step in the right direction. i think we'll all well on the way to getting a five-year bill that achieves all objectives and achieves both chambers of commerce. lowering target prices to 55% of the simple average other than rice and cotton leaving gas in the price protection part of the safety net and puts rice and peanuts in a separate calllation -- calculation. they need an update in terms of the reference price, but providing them with their own special calculations separates from other crop, raises serious concerns. this committee on behalf of our nati
community, and finally, a bill including significant reforms and contributes to reducing our federal deficit. the chair and ranking member as well as their staffs have demonstrated tremendous leadership in negotiating the delegate compromise that brings us closer than ever to achieving these capstone principles, and i appreciate that the manager's package includes the nine amendments. while this bill before us leaves room for improvement in terms of meeting all needs of the producers and...
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May 17, 2013
05/13
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CNNW
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congressman ryan, are you going to be able to work with the administration on things like the economy and the deficit and immigration reform while congress also spends so much time focused on discovering more and doing more in oversight on the scandals and controversies. here's what he had to say. >> we have to do our job to our constituents to do oversight of the federal government, we're not getting straight answers on benghazi. we're not getting straight answers on the irs. clearly we're worried about intimidation of the press with respect to the doj scandal. that doesn't mean we're only going to do that. >> his point is they can walk and chew gum at the same time, that members of congress have this oversight responsibility, but you heard him say, very pointedly, we're not getting straight answers on benghazi, we're not getting straight answers on the irs. there is a lot of feeling by republicans and even some democrats in congress that the testimony today by the acting irs commissioner did him more harm than good. even if he's on his way out the door, there are questions about whether or not he's
congressman ryan, are you going to be able to work with the administration on things like the economy and the deficit and immigration reform while congress also spends so much time focused on discovering more and doing more in oversight on the scandals and controversies. here's what he had to say. >> we have to do our job to our constituents to do oversight of the federal government, we're not getting straight answers on benghazi. we're not getting straight answers on the irs. clearly...
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today a one level from ratings of the country's progress in rebalancing the economy and bringing its deficit under control so that now the minus from triple a say system. in terms of the struggle the russian market has my say ended up the day in the red a lot of that was to do with pulling prices we had or may just have yes i want the biggest losers as you said almost three percent hijos up more than two percent one of the best of the breaches as well as the common core is just the euro they hit another high against the u.s. dollar all right that's the markets then this move on now small phone users in from may soon have to pay one percent more tax on their purchases tablets will also be taxed extra to help fund french film music and. that is the proposal estimates over one hundred million dollars could be raised if the bill is passed and november the french government is trying to crack down on the rise of does to condiment and calls it a culture tax the gadget loving critics say a tax is a tax no matter how cultured it claims to be. the centrist the traditional prostitute which only hang a
today a one level from ratings of the country's progress in rebalancing the economy and bringing its deficit under control so that now the minus from triple a say system. in terms of the struggle the russian market has my say ended up the day in the red a lot of that was to do with pulling prices we had or may just have yes i want the biggest losers as you said almost three percent hijos up more than two percent one of the best of the breaches as well as the common core is just the euro they...
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May 20, 2013
05/13
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CSPAN2
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it's a deficit-reduction bill, it's a jobs bill, it's a bipartisan economic relief bill. i again commend chairwoman stabenow and ranking member cochran for their work in crafting this legislation. i especially appreciate the staff for individual members and the committee staff for their work. i urge my colleagues to work together and halt the impasse that keeps us from making progress on this legislation. madam -- mr. president, i -- i yield the floor. ms. stabenowms. stabenow: mr. p? the presiding officer: the senator from michigan. ms. stabenow: before the senator from ohio leaves, i want to thank him. he has been an invaluable member of our committee. we wouldn't have the agricultural risk coverage portion, the yield loss coverage portion of this bill if it were not for his work, he and senator thune working together. we used their bill as the basis for this. he's also been the champion of rural development. we have investments in rural development we wouldn't have had without his involvement, as well as other efforts in the energy title and -- and throughout the bill.
it's a deficit-reduction bill, it's a jobs bill, it's a bipartisan economic relief bill. i again commend chairwoman stabenow and ranking member cochran for their work in crafting this legislation. i especially appreciate the staff for individual members and the committee staff for their work. i urge my colleagues to work together and halt the impasse that keeps us from making progress on this legislation. madam -- mr. president, i -- i yield the floor. ms. stabenowms. stabenow: mr. p? the...
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May 15, 2013
05/13
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FBC
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we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse. >> i will give you one. it is still another one. if i can quickly push back a little on what david said, i agree. i would also say be careful what you wish for. the specter of a three year lame-duck president does not look that great internationally. i do worry about that angle. >> i am not too worried about what is happening internationally. i think they will basically be just slightly by over the next couple years. it is the economy here that i am worried about. with gridlock, look at what we have been able to get done. the president realizes
we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse....
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May 17, 2013
05/13
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CNNW
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and there was some positive news on the deficit. but both of those items will take a long time to pay dividends. and the administration will have to still fight the crises for now, if they ever want to be able to maximize both of these agenda items in the long term. wolf? >> jessica yellin over at the white house, thanks very much. let's dig a little bit deeper now with our chief political correspondent, host of the "state of the union" candy crowley. the president trying to change the subject today, didn't work that well, because the subject is still out there. >> there's a formula for presidents who get into political trouble. and it begins with trying to change the questions. which he did pretty well, i think, in the rose garden, at least it was a good first step. went out there and said, okay, what we really noo ed is money to help secure the embassies. that was his response to the benghazi problem. he talked about the irs, and said, well, this was done, because i take these leaks very seriously, because they endanger americans.
and there was some positive news on the deficit. but both of those items will take a long time to pay dividends. and the administration will have to still fight the crises for now, if they ever want to be able to maximize both of these agenda items in the long term. wolf? >> jessica yellin over at the white house, thanks very much. let's dig a little bit deeper now with our chief political correspondent, host of the "state of the union" candy crowley. the president trying to...
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May 15, 2013
05/13
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CNNW
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president but while the scandals swirl there is a little teenie bit of good news getting ground out, the deficit problem may be slowing -- not disappearing -- slowing. breaking news out of the arab world. an al qaeda backed suicide attack is foiled in egypt. the reported target? western embassies. we'll have an update when "the we'll have an update when "the lead" continues. b positive?? have you eaten today? i had some lebanese food for lunch. i love the lebanese. i... i'm not sure. enough of the formalities... lets get started shall we? jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dracula volunteering at a blood drive. we have cookies... get happy. get geico. fifteen minutes could save you fifteen percent or more. peoi go to angie's listt for to gauge whether or not the projects will be done in a timely fashion and within budget. angie's list members can tell you which provider is the best in town. you'll find reviews on everything from home repair to healthcare. now that we're expecting, i like the fact that i can go onto angie's list and look for pe
president but while the scandals swirl there is a little teenie bit of good news getting ground out, the deficit problem may be slowing -- not disappearing -- slowing. breaking news out of the arab world. an al qaeda backed suicide attack is foiled in egypt. the reported target? western embassies. we'll have an update when "the we'll have an update when "the lead" continues. b positive?? have you eaten today? i had some lebanese food for lunch. i love the lebanese. i... i'm not...
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May 13, 2013
05/13
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KNTV
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warriors would have to overcome an 11 point deficit to take this one, colin kaepernick was in the building. he's been known to play some ball in his time, this was klay thompson's time in the fourth. that would tie the game up, under 30 seconds to go, manu ginobili had the game-winner earlier, and another game. this one, he misses the three. if you watch andrew bogut is standing out of bounds, that fall should be given back to san antonio. warriors up 6, stephan curry on the bad ankle still gives the layup and the foul. the warriors the spurs 13-3 in ot and win by ten top even the series at two games a piece. >> i've been talking about this group all year long, and i'm just so glad that a national tv audience had an opportunity to see exactly what's been taking place in this area. a bunch of guys, like i said, it's the greatest group of guys i've been around. a bunch of warriors, no pun intended. >> we'll have more on the warriors coming up in sports as well as highlights from the great giants win. tim lincecum shut down performance against the braves. one not to miss. diane, terry? >> tha
warriors would have to overcome an 11 point deficit to take this one, colin kaepernick was in the building. he's been known to play some ball in his time, this was klay thompson's time in the fourth. that would tie the game up, under 30 seconds to go, manu ginobili had the game-winner earlier, and another game. this one, he misses the three. if you watch andrew bogut is standing out of bounds, that fall should be given back to san antonio. warriors up 6, stephan curry on the bad ankle still...
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May 14, 2013
05/13
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CSPAN2
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that's why the president has put forward a balanced deficit reduction proposal that would allow congress to repeal sequestration in fy-13 and beyond. while the department is working full out to adapt to these new realities, it was not possible given the necessary timelines to turn around a new fy-14 budget based on new assumptions derived from march 1st's sequestration and from the final defense appropriations act which was also approved in march, nearly six months into the fiscal year. we need to stipulate up front that our fy-14 budget request does not provide funding to recover from the damage done by even a partial year of fy-13 sequestration. much less the full um pacts that would -- impacts that would hit the air force if the president's proposal to replace she questions ration for fy-13 and beyond is not enacted. this morning i'll summarize the state of our air force in three broad characters. first, force structure -- that is the size and the composition of the force -- readiness, training, the preparedness of our airmen and their equipment, and modernization. the replacement of
that's why the president has put forward a balanced deficit reduction proposal that would allow congress to repeal sequestration in fy-13 and beyond. while the department is working full out to adapt to these new realities, it was not possible given the necessary timelines to turn around a new fy-14 budget based on new assumptions derived from march 1st's sequestration and from the final defense appropriations act which was also approved in march, nearly six months into the fiscal year. we need...